Update 903 — Debate Over AI Bubble:Could Boom in Valuations End in Tears? AI has been all over the news recently, especially in the business section. All of the Magnificent 7 companies, the largest publicly traded companies in America, have some level of investment in AI. The sector has pushed tech and, in fact, all …
Update 895 – Sliding toward ShutdownFY26 Status Leads Week’s Round-Up With only 10 days left for Congress to approve and Trump to sign a Fiscal Year 2026 (FY26) budget to avoid a shutdown, the House voted today to advance a Republican CR proposal that would fund the government through November 21. But the Senate quickly …
Update 884 – Trump/Powell Tete a Tete, Japan Deal, EO on AI, Noms Lead Week President Trump continued his ongoing pressure campaign against Federal Reserve Chair Jerome Powell in a highly unusual hard-hat clad tete-a-tete to tour the Fed’s Washington D.C. building renovations yesterday afternoon. Trump called on the Fed to lower interest rates ahead …
Update 840 — Week of Chaos, Confusion; GDP Growth Slows in 4th Quarter 2024 The country was plunged this week into a frenzy of chaos and confusion amid the Trump administration’s on-again, off-again freeze on federal grants and loans spending. The broad and vague memo released by the OMB Monday was rescinded on Wednesday but …
Update 803 – The Coming AI Revolution:Economic Opportunities, Policy Challenges The big news today comes with the release of the July CPI report, which showed that inflation as measured by CPI has fallen below 3.0 percent for the first time since March 2021, the fourth consecutive monthly decline. With inflation headed toward the Fed’s two …
Update 803: Economic Implications of the AI Revolution Read More »
